The achievement of the sustainability objectives (SDGs) of the United Nations will depend largely on the commitment of companies and the use of technology and innovation. And the leaders of that are the start-ups and scale-ups. For that reason, it is necessary to identify how to manage the innovation with these companies.
7 Innovation Sustainable Recommendations
Here you can find the 7 Innovation Sustainable Recommendations for any company to achieve success working with start-ups.
Establish ‘Innovation for Sustainability’ catalysts to trigger targeted, collaborative innovation between multinationals, financial institutions and start-ups/Scale-ups.
Meaningful opportunities are being overlooked because multi-sector innovation does not happen easily on its own. Every catalyst would support a portfolio of innovation projects, each focused on a specific challenge.
Require that each round is anchored by at least one organisation with the commercial motivation, and the ability, to implement the solution at scale.
Having a ‘problem owner’ commission the innovation process provides clarity, focus and discipline. If the
organisation’s size and networks mean it can deploy what results at scale, greater impact can be achieved by design.
X-Industry X-Tech Sustainability hybridation: Require that all solutions help more capital to become available to deliver at least one UN Sustainable Development Goal (SDG).
Existing fintech incubators and accelerators do not typically solve for sustainable development, despite this being a global imperative agreed by the world’s governments and targets articulated through the SDGs.
Locate the catalysts to benefit from physical access to as wide as possible a selection of multinationals, financial institutions and start-ups.
Multi-sector innovation works best when collaboration between sectors is made as easy as possible. Face-to-face interaction is still a key ingredient, so co-location with existing innovation and business clusters matters.
Use well-established innovation practices to deliver professional governance, including of competitive boundaries and IP.
To allow a multi-sector group of firms to move seamlessly from pre-competitive exploration to commercial development of solutions, clear policies on antitrust compliance, staged decision-making are needed.
Allow the smallest, non-profit and the exclusive initiatives to have visibility, to grow and to scale.
Seek the support of key enablers, like governments, regulators, supervisors and standard-setters.
The authorities have a role to play in smoothing and even accelerating and boosting the co-creation and deployment of new solutions at scale.